This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Currently, the Sponsor of the project has completed a redesign of the project and has started construction works, grounds works have been completed and land plot is prepared for further construction. The goal of this tranche is 36 100 EUR. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 12 month loan period following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000, which, together with the 71 065 EUR value of completed construction works, gives the LTV ratio of 45% (49% LTV only against land value).

Invest in development in Latvia and earn 13% p.a.

Investment opportunity | 13% return p.a.

This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Currently, the Sponsor of the project has completed a redesign of the project and has started construction works, grounds works have been completed and land plot is prepared for further construction. The goal of this tranche is 36 100 EUR. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 12 month loan period following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000, which, together with the 71 065 EUR value of completed construction works, gives the LTV ratio of 45% (49% LTV only against land value).

Käesolevaks investeerimisvõimaluseks on kinnisvara arendusprojekt kahe 3-korruselise ning 24 korteriga korterelamu rajamiseks. Projekt asub kaunis kuurortlinnas Jurmalas, 300 meetri kaugusel lõputu valge liivarannaga Läänemere rannikust. Crowdestate'i investorid on varem aitanud rahastada arendusmaa krundi soetamist. Hetkel on projekti sponsorid lõpetanud projekti ümberkujundamise ning teinud kõik ettevalmistustööd projekti ehituse alustamiseks. Antud rahastamisvooru fikseeritud intressimäär on 13% aastas. Laen tagastatakse ja kogunenud intress tasutakse ehitatud korteri üksuste müügilt 12-kuulise laenuperioodi lõpus või varem pärast vastvalminud korterite müüki. Laenu tagatiseks saab 1. järjekoha hüpoteek Pumpura iela 3A kinnistule. 4 594 m2 maatüki turuväärtus on 811 000 eurot, mis tähendab, et juba 71 065 euro eest tehtud ehitustöödega, on selle finantseerimise ringi LTV suhe 45%.

This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Currently, the Sponsor of the project has completed a redesign of the project and has started construction works, grounds works have been completed and land plot is prepared for further construction. The goal of this tranche is 36 100 EUR. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 12 month loan period following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000, which, together with the 71 065 EUR value of completed construction works, gives the LTV ratio of 45% (49% LTV only against land value).

Latvia

Euro

Rahastuseesmärk:	€ 36100
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	14 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Villa Astor, Jūrmala (IV)

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